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HDB resale volumes recover in March as prices rise for 21 straight months: SRX, 99.co

Some 2,269 flats transacted, representing a 19.2% increase from Feb; rebound could be the result of the easing of Covid-19 safe-management measures, say analysts

Janice Lim

Published Fri, Apr 8, 2022 · 05:50 AM

HDB

Singapore

RESALE volumes for Housing and Development Board (HDB) flats recovered in March this year, as some 2,269 flats were transacted, representing a 19.2 per cent increase from the month before, according to flash estimates from property portal SRX and 99.co

This comes after a 22 per cent slide in resale volumes in February, which analysts had attributed to slower market activity over the Chinese New Year festive period. On an annual basis, HDB resale volumes fell 7.3 per cent.

Property analysts said that the recovery in March could be a result of the easing of Covid-19 safe-management measures which saw a pick-up in activity in the resale market.

"The number of house viewings increased last month. This may have resulted in a corresponding rise in deals being sealed," said Christine Sun, senior vice-president of…